For years, paying for order flows allowed firms to centralize customers’ orders for another firm to execute. Liquidity would remain in a world without payment for order flow. The SEC is considering an ...

Prohibiting market makers from paying retail brokers to route trade orders their way is a misguided notion that would hurt retail investors, according to Virtu Financial CEO Doug Cifu and Robinhood ...

Payment for order flow (where market makers pay brokers to route orders for execution) and the duty of best execution (which requires a broker to seek the most favorable terms reasonably available for ...

The old way a financial brokerage made money was to charge a fee whenever someone bought or sold stock. A company like TD Ameritrade or Charles Schwab would charge $4.95 or $6.95 (or whatever) in ...

Wall Street’s top regulator previewed a set of sweeping changes to rules underpinning the U.S. stock market, setting up a major clash with some of the biggest names in equity trading. Securities and ...

Former TD Ameritrade CEO Joe Moglia said banning payment for order flow would be a "disservice" to retail traders. Moglia said retail traders get everything for free on a trade except a "little spread ...

Payment for Order Flow (PFOF) schemes are falling under increasing regulatory scrutiny for a very simple reason. Intermediaries pay for retail order flow because it is valuable. It is valuable because ...

Asset bubbles are easy enough to define, but not so simple to identify. WSJ’s Gunjan Banerji explains what bubbles are exactly, how they form and what happens when they burst. Illustration: Jacob ...

Wall Street’s top cop said Tuesday that the dominance of Citadel Securities in the business of routing order flow may not be giving retail investors the best deal. Yahoo Finance's Brian Sozzi weighs ...

Recently, the SEC chairman, Gary Gensler sent shockwaves through the world of retail investing by stating that a full ban on the popular ‘payment for order flow’ (PFOF) operating model that enables ...

More than 70% of Robinhood's total revenue in the first quarter of 2022 came from PFOF. GameStop and AMC traders accused Citadel Securities of pressuring Robinhood to place trading halts and ...

Senator Pat Toomey introduced a bill to limit the SEC's ability to ban payment for order flow on Thursday. PFOF has been crucial to brokerage firms like Robinhood, as it enables commission-free ...